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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans, including fees $ 2,644 $ 2,432 $ 7,486 $ 7,412
Investment securities:        
Taxable 478 537 1,455 1,685
Tax-exempt 214 332 667 917
Interest-bearing deposits 31 32 97 88
Total interest income 3,367 3,333 9,705 10,102
Interest expense:        
Deposits 172 211 535 634
Total interest expense 172 211 535 634
Net interest income 3,195 3,122 9,170 $ 9,468
Provision for loan losses 75   200
Net interest income after provision for loan losses 3,120 3,122 8,970 $ 9,468
Noninterest income:        
Service charges on deposits 711 720 2,044 2,133
Gain on sales of securities 109   421  
Other operating income 249 270 827 847
Total noninterest income 1,069 990 3,292 2,980
Noninterest expense:        
Salaries and employee benefits 1,711 1,612 5,076 4,804
Net occupancy and equipment 526 524 1,551 1,568
Amortization of core deposit intangible 118 118 354 354
FDIC insurance 85 80 253 236
Other real estate owned, net 153 306 264 582
Other operating expenses 1,069 1,118 3,302 3,481
Total noninterest expense 3,662 3,758 10,800 11,025
Income before income taxes 527 354 1,462 1,423
Income tax expense 107 (22) 266 158
Net income 420 376 1,196 1,265
Preferred dividends 59 59 178 178
Net income available to common shareholders $ 361 $ 317 $ 1,018 $ 1,087
Net income per common share - basic (in dollars per share) $ 0.16 $ 0.15 $ 0.47 $ 0.5
Net income per common share - diluted (in dollars per share) $ 0.16 $ 0.14 $ 0.46 $ 0.5
Weighted average common outstanding shares - basic (in shares) 2,190 2,169 2,183 2,165
Weighted average common outstanding shares - diluted (in shares) 2,215 2,193 2,209 2,189